Meeting Details

  • Date: September 28, 2026
  • Time: Commenced at 4:00 PM IST, concluded at 5:15 PM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Type: 34th Annual General Meeting
  • Quorum: Requisite quorum was present
  • Attendance: 75 shareholders attended through OAVM mode

Attendees

Board Members Present:

  • Mr. Sadashiv Kanyana Shetty, Chairman of the Board & Risk Management Committee
  • Mr. Raghuram Kanyan Shetty, Managing Director
  • Mr. Raunak Raghuram Shetty, Whole Time Director
  • Mr. Shriraj Sadashiv Shetty, Whole Time Director
  • Mr. Roshan Raghuram Shetty, Whole Time Director
  • Mr. Mulky Vishwanatha Shetty, Independent Director and Chairman of Corporate Social Responsibility
  • Mr. Anilkumar Mohanraj Marlecha, Independent Director and Chairman of Stakeholders Relationship Committee
  • Mr. Ganesh Narayan Vanmali, Independent Director and Chairman of Audit Committee and Nomination and Remuneration Committee
  • Ms. Reshma Dagdu Wadkar, Independent Director
  • Mr. Omprakash Singh, Independent Director

Other Attendees:

  • Mr. Pravin Babu Shetty, Chief Financial Officer
  • Mr. Abdul Latif, Company Secretary and Compliance Officer
  • Mr. N Jayendran, Partner of M/s. N V C & Associates LLP, Statutory Auditors
  • Mr. Nirmal Gupta, Partner of M/s. GMJ & Associates, Practicing Company Secretary, Scrutinizer and Secretarial Auditor
  • Mr. Tapan Gaitonde, Cost auditors
  • Ms. Zehra Maccawala, Partner of M/s. ZMAS and Associates, Chartered Accountants, Internal Auditors

Proposed Resolutions

Ordinary Business:

1. Resolution No.1: Ordinary Resolution for adoption of Audited Financial Statements (Standalone and Consolidated) along with Reports of Board and Auditors for Financial Year ended March 31, 2026

2. Resolution No.2: Ordinary Resolution to appoint director in place of Mr. Sadashiv K. Shetty (DIN: 00038681), Whole-time Director designated as Executive Chairman, who retires by rotation

3. Resolution No.3: Ordinary Resolution to appoint director in place of Mr. Raghuram K. Shetty (DIN: 00038703), Managing Director, who retires by rotation

Special Business:

4. Resolution No.4: Ordinary Resolution for ratification of remuneration payable to Cost Auditors for Financial Year 2026-27

5. Resolution No.5: Special Resolution for re-appointment of Ms. Reshma D Wadkar (DIN: 09394615) as Non-Executive Independent Woman Director for second term of five consecutive years

6. Resolution No.6: Special Resolution for re-appointment of Mr. Shriraj S. Shetty (DIN: 06609014) as whole time director designated as Executive Director

Voting Process

  • Remote e-voting period: Available from September 24, 2026, 09:00 AM to September 27, 2026, 5:00 PM
  • E-voting during meeting: Voting window remained open for 15 minutes after conclusion of AGM for members who had not cast vote through remote e-voting
  • Scrutinizer: Mr. Nirmal Gupta of M/s. GMJ & Associates, Practising Company Secretaries appointed to scrutinize remote e-voting and e-voting during AGM
  • Results disclosure: Consolidated results along with Scrutinizer's Report to be intimated to Stock Exchange and placed on Company's website within two working days of meeting conclusion

Key Proceedings

  • Chairman informed that Notice convening 34th AGM and Annual Report had been circulated electronically to members
  • Physical copies of Annual Report sent to shareholders who requested them
  • Chairman reported that Statutory Auditors' report and Secretarial Audit Report did not contain any qualification or adverse remarks
  • Requirement of appointing proxies not applicable except for authorized representatives of corporate shareholders
  • Formality of "proposed by" and "seconded by" not adhered to as per MCA/SEBI Circular
  • Chairman and Managing Director delivered speech on business side
  • Shareholders raised queries and sought clarifications on various matters relating to Company
  • Management addressed all queries raised by speaker shareholders

Compliance Information

  • Company CIN: L24231GJ1992PLC017315
  • Corporate Office: 2nd Floor, A-Wing, Fortune Avirahi, Jain Derasar Lane, Borivali West, Mumbai - 400 092
  • Contact: Tel: 022-50705050, Email: sales@heranba.com, Website: www.heranba.co.in